614 Avenue C, Elgin TX 78621

The market data from 7 similar recent sales in 78621 points to a value of approximately $251,832. To sell within a reasonable timeframe at fair market value, the $206,000 to $216,000 range is where I'd position this. At this price, the property would be the most expensive of 5 comparable homes on the market comparable homes currently on the market in 78621. At 107 sqft larger than the typical comp, the size difference factors into the valuation. The 1955 construction puts this home 7 years older than the comp average, a factor in the pricing. 5 similar homes are currently available in 78621, creating a buyer's market for this price range. In 78621, home values have fallen approximately 8.3% over the past 6 months. One of the strongest data points is 121 Jackson ST, Elgin TX 78621, adjusting to $211,680; with a smaller floor plan. 7 comparable transactions in 78621 support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group